Strategy (Nasdaq: MSTR) founder and chairman Michael Saylor thinks that “made in the USA” Bitcoin is going to be worth $1 million.
The Bitcoin advocate was responding to GameStop CEO Ryan Cohen’s comment on X (formerly Twitter) about the potential hike in Apple’s iPhones when he made the remark.
Note that the majority of iPhones are manufactured in China — the country President Donald Trump targeted the most as part of the global “reciprocal tariffs” he imposed on Apr. 2 dubbed the Liberation Day.
Saylor told Cohen he will love the “made in the USA” Bitcoin worth $1 million. Last month, President Donald Trump not only announced the creation of the strategic Bitcoin reserve, but also vowed to make the U.S. the “Bitcoin superpower.”
Saylor said in a previous post that against the backdrop of the stock market rout following the tariffs, “Bitcoin offers resilience in a world full of hidden risks.” Saylor is known to be very encouraging of other companies such as GameStop acquiring Bitcoin.
The Strategy founder also expanded on the asset’s volatility on X. He said that traders sell “what they can, not what they want to” during market panic. Bitcoin’s sell-off only highlights its highly liquid nature, he added.
Though Bitcoin trades like a “risk asset” short-term, it shouldn’t be correlated to a long-term movement, Saylor claimed.
A great believer in the long-term potential appreciation in Bitcoin’s value, Saylor has turned Strategy into the world’s largest corporate holder of Bitcoin. The company holds 528,185 BTC worth $44 billion as of Apr. 4.
Though the firm’s stock couldn’t escape the immediate market crash, it showed remarkable resilience and was up 3.29% on Apr. 4, trading at $291.57 at press time.
Bitcoin was trading at $83,932.00 at press time, as per Kraken’s price feeds. Though the cryptocurrency has soared 2% over the last 24 hours, it keeps falling into the red zone.
